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Today’s most important news:
- Major Cryptocurrency Prices Drop Over Weekend, Stocks Lag; BTC is stable at $60,000
- BTC ETFs see $1.79 billion in outflows in a week, the third highest ever
- Brian Armstrong responds to criticism of Coinbase app promoting gambling
- Unlicensed cryptocurrency companies in Europe are facing problems ahead of the MiCa deadline on July 1
- ANSEM’s value fell to $120 million after the weekend, and is now back to $80 million
📉 Bitcoin is heading for a rare quarterly loss
Bitcoin It is trading at just under $60,000 and is on track for a rare consecutive quarterly loss.
It’s down nearly 12% this quarter after a 22% decline in the first quarter, which breaks the pattern of a historically strong second quarter, with the first quarter and half closing on Tuesday. The sell-off reached a low of $58,115 on June 26, a 20-month low, and the rebound since then has been shallow.
The reasons were fairly consistent:
- Steady outflows from spot Bitcoin ETFs ($1.79 billion more in last week)
- A hawkish Fed under Kevin Warsh
- The dollar is at its highest level in 12 months
- Capital is shifting to semiconductor and memory chip stocks riding the AI boom.
The damage is deeper in altcoins. ETH fell about 25% during the quarter and 47% over the year, and over the past week Dogecoin, XRP, and HYPE all recorded double-digit losses. Solana held up a little better, but is still down 43% on the year.
The back-to-back losses are fueling a larger debate about whether Bitcoin’s four-year cycle has broken, given that 2026’s red will push the usual three-up-one-down rhythm into a second straight stretch down. But the bulls have their own blueprint.
Each previous time Bitcoin closed two red candles for six months in a row, in 2018 and 2022, a three-year uptrend followed. The second six-month red candle of this stretch closes in two days.
Pair that with a Fear and Greed reading of 18, deep in extreme fear, and the setup looks like either the beginning of a deeper collapse or the kind of capitulation that has characterized past lows. Let’s hope it’s the latter…
🌎 Total crypto and markets
- Prices of major cryptocurrencies remained mostly flat over the weekend; Bitcoin -1% at $59.8 thousand; Ethereum -1% at $1,570; SOL +1% at $72; HYPE is even at $63.13
- This (+4%)AVAX (+4%) and AAVE (+3%) were the top movers
- oil Even at $69.80; Gold -1% at $4,050
- Stock futures In green after the new truce between the United States and Iran; Dow Jones +0.5%, Nasdaq +1.3%
- Brian Armstrong He responded to criticism The Coinbase app promotes gambling on BTC price movement and sports betting, noting that users are free to act as they want but that Coinase should not aggressively promote
- Coinbase and OKX They are going after Binance clients with Euros Their MiCa license is set to expire on July 1
- mNAV for the strategic enterprise It fell below 1 for the first timeWhich means the market now values the company at less than its bitcoin holdings, erasing the premium that for years gave Saylor the flexibility to raise capital and buy more bitcoin.
- SecuritizationBlackRock-backed crypto company, It is scheduled to go public this week under the symbol SECZ Through a SPAC merger with the New York Stock Exchange
- Cardone Capital Real estate income is used to buy Bitcoin during falling pricesWith Grant Cardone converting rental cash flow to BTC on dips
- Founder of Binance CZ He blamed cryptocurrencies’ performance in 2026 on a combination of artificial intelligence, global stress, and the four-year cycleSaying that there is no single reason why the market has declined almost 50% over the past year
Corporate Treasuries and ETFs
Meme Coin Tracker
- Meme leaders He was red per week Doge -13%, Shape -10%, Baby -18%, Bingo -8%, Trump -12%, Punk -9%
- Ansem It ranged from ~$1 million to $120 million over the weekend in one of the biggest moves seen in months
- Wayne (+38x), Solangelis (+90%) And Alon (+80%) drove the engines on Solana
- Prime movers Includes delirium (+30%) and POD (+22%).
📈 Countless numbers in the market today
💰 Token tracking, airdrop and protocol
- Hyper Foundation Announce $10 million to assist construction companies affected by the USDH sunset
- Same serialization error Causes the base to be interrupted Which happened on June 25 and 26
🚚 What happens in NFTs?
- NFT leaders It was mostly stable over the weekend. BANK +1% at 32.5 ETH, BAYC +1% at 8.85 ETH, Pudgy -1% at 4.5 ETH; Hypurr +10% at 228 HYPE
- Crepes (+77%) and Chambers (+20%) Leading top movers
- Several villains Sold for multiples above ground This weekend, including a 3D jacket for 278 ETH, a VR one for 135 ETH, and a pilot for 100 ETH
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